SMM October 29 News:
The SMM #1 lead average price today dropped by 25 yuan/mt to 17,200 yuan/mt compared with yesterday. The mainstream spot order discount price was 50-0 yuan/mt below the SMM #1 lead average price, and the mainstream ex-factory offer excluding tax was 15,950 yuan/mt. Suppliers offered limited quotes and showed weak willingness to sell. In addition, large lead-acid battery producers in east and central China underwent maintenance, leading to a decline in purchase willingness for lead ingots recently. Today's purchase sentiment for secondary refined lead was 0.67, while the selling sentiment was 1.43 (historical data can be queried in the database).
